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Latino Daily News

Friday August 3, 2012

Nation’s July Unemployment Creeps Up To 8.3%, While the Hispanic Rate Decreases to 10.3%

Nation’s July Unemployment Creeps Up To 8.3%, While the Hispanic Rate Decreases to 10.3%

Photo: July Unemployment Rate, Hispanic Unemployment Rate

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The nation’s July unemployment rate creeped up to 8.3% from the June rate of 8.2%.  New jobs created came in at 163,000 for the month with most of the gains coming from the business services sector. 

The unemployment rate ticked up because there were more people who said they were not working when surveyed in July.

The Hispanic unemployment rate showed a decline to 10.3% in July from 11% in June.  The jobless rate among African-Americans also decreased from 14.4% to 14.1% in July.  Teenagers continue to have the highest unemployment rate by demographic with the July rate at 23.8%.